JPMorgan to Move $230 Billion Assets to Germany in Brexit Shift - THEMARKETTRENDZ

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Thursday, 24 September 2020

JPMorgan to Move $230 Billion Assets to Germany in Brexit Shift



Sep.24 -- JPMorgan Chase & Co. is moving about 200 billion euros ($230 billion) from the U.K. to Frankfurt as a result of Britain’s exit from the European Union, a shift that will make it one of the largest banks in Germany. Hubertus Vaeth, managing director of Frankfurt Main Finance, comments on the implications of the move for the country's financial industry and its regulators. He speaks on "Bloomberg Markets: European Open."
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